WATCH THE VIDEO HERE The Central Bank of Nigeria has postponed its first Monetary Policy Committee (MPC) meeting for 2025 to March, following delays in the release of the rebased Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS). Sources within the apex bank told Naijaonpoint on Saturday that policymakers are reconsidering the February 17–18 meeting date due to the unavailability of updated inflation data. The first MPC meeting for 2025 was initially set for January 27–28 but was moved to February, reportedly to allow time for the rebased inflation and GDP figures to be released. However, with the continued delay, the CBN is now considering shifting the meeting to March to ensure that the committee has the most up-to-date economic data before making policy decisions. Last month, the NBS said that the details of the newly rebased Gross Domestic Product (GDP) and CPI would be launched at the end of the month. The NBS typically releases its CPI report on the 15th of every month. If the agency maintains this tradition, the inflation report could be published just two days before the previously scheduled MPC meeting, leaving little room for policymakers to analyze the data before making key decisions. Monetary policy decisions rely heavily on inflation trends, and with the rebased CPI still pending, the CBN may opt to postpone the meeting rather than proceed without updated figures. An official confirmation from the CBN is still awaited, but sources indicate that unless the NBS releases the data soon, the next MPC meeting is likely to be pushed to March.
CBN postpones February MPC meeting as NBS delays rebased CPI report
